Mary Stewart CPA LogoMary G. Stewart, CPA, PA

Taking the work out of book work
and taking the axe to your taxes.

Mary Stewart CPA Logo

Mary G. Stewart, CPA, PA

Taking the work out of book work
and taking the axe to your taxes.

Phone: (941) 258-3191
Fax: (941) 258-3192
E-Mail: Mary@PtCharlottecpa.com
Address: 2886 Tamiami Trail, Ste 10
Pt Charlotte, FL 33952

Employee Meals

Reduced from 100% to 50% deductible: Meals for employees that are for the convenience of the employer used to be 100% deductible. They are now only 50% deductible.  You should enter these expenses as an ‘other expense account’ named Employee and Travel Meals.

Company Picnic or Holiday Events

Reduced to 50% deductible:  Meals for company events should be recorded as Employee and Travel Meals, but only 50% of the expense is tax-deductible.

Travel Meals

Reduced to 50% deductible:  These expenses should be posted as Employee and Travel Meals

Meals and Entertainment for Marketing or Planning Purposes

No Deduction Allowed in 2018: In 2017, 50% of meals could be deducted, but not anymore!  These will now be non-deductible expenses.

Meals sold to the General Public

Meals that are sold to the general public, like the cost of putting on an event, are 100% deductible.

Meals that are the cost of providing a services are 100% deductible.

Tax-Free Gifts to Employees are no longer allowed. No cash, gift cards, coupons, or meals.